Guarantee Payment and Reduce Risks
Protect Cash Flow
A commercial letter of credit protects your cash flow in major transactions by ensuring that funds are only released when there has been confirmation that items have been shipped.
Secure New Leases or Contracts
In some cases, a standby letter of credit is required to secure a real estate lease, contract, or construction project. We can help you prove your worth so that your business is positioned to grow.
Variable Terms
Standby letters of credit are issued with a variety of terms, depending on your needs.
On Demand Repayment
Unlike standard lines of credit or commercial loans, letters of credit do not have fixed maturity or payment schedules. Instead, payment is requested on demand when the letter of credit beneficiary becomes aware of non-performance issues.
We Help You Prove Your Worth
We show up for your business, helping you earn trust so that you can accomplish more. When you’re navigating high-risk transactions or working to secure new business, we are here to help.
More Opportunities
Face New Opportunities with Confidence
A letter of credit can provide your business with a safety net as you work with new suppliers. It can also give suppliers more confidence about working with your business.
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Lending Expertise from People Who Know Your Business
When your business partners with West Texas National Bank, you can expect a higher level of service that’s tailored to your needs. We get to know you and help you pursue every opportunity to grow your business.
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